Global Riveting Tools Market, By Application (Automotive and Aerospace, Building and Construction, Transportation, Woodworking and Decorative, Others), Product (Pneumatic, Hydro-pneumatic, Battery Powered, Lazy Tong, Hand Held Lever), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Riveting Tools Market
Riveting tools market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 347.6 million by 2029 and grow at a CAGR of 4.77% in the above-mentioned forecast period.
Rivet is refers to a mechanical tool that is utilized as fastener to hold adjoins between surfaces. It comprises of two components one is head which is in a cylindrical shape and a tail which is on the opposite verge of cylindrical shaft. To install rivets, there are specific tools and rivets unanimously called as rivet guns. The rivet is highly utilized in the various end-users such as automotive and aerospace, building and construction, transportation, woodworking and decorative and others.
The factors such as the time and efficiency both is the basic constituent for production industry to generate revenue and attain profit, this germinates the enhanced requirement of portable riveting tools has resulted in growth in the market value in the forecast period of 2022 to 2029. Additionally, the focus of growing application of rivets from the end user industry such as automotive and aerospace, transportation, woodworking, and interior decorating, construction and building and others is estimated to accelerate market’s growth. Its cost-effective and superior fastening properties also cushions the market’s growth within the forecasted period. However, high pace penetration of tapes, glues, and adhesives against the rivets along with refurbished articles will further restrict the scope of growth for the market.
Furthermore, the high utilization of riveting tools in construction industry and growth in the demand from the automotive industry will further offer a variety of growth opportunities for the market in the forecast period of 2022 to 2029. On the other hand, the factors such as battery-operated riveting tools are anticipated to have a lower penetration as a substitute for handheld rivet guns and tongs as they have an even lower price bracket will pose a major challenge to the market growth rate.
This riveting tools market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on riveting tools market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Riveting Tools Market Scope and Market Size
The riveting tools market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the riveting tools market is segmented into pneumatic, hydro-pneumatic, battery powered, lazy tong, and hand held lever.
- On the basis of application, the riveting tools market is bifurcated into automotive and aerospace, building and construction, transportation, woodworking and decorative and others.
Riveting Tools Market Country Level Analysis
The global riveting tools market is analyzed and market size insights and trends are provided by product and application as referenced above.
The countries covered in the riveting tools market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the riveting tools market and will continue to flourish its trend of dominance during the forecast period due to large market share of the U.S. due to the availability of automotive and aerospace, building and construction as well as other associated infrastructure, increasing expansion of aerospace industry along with high demand for truck and utility vehicles in the automotive industry in the region within the forecast period of 2022 to 2029. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the establishment of assembling facilities, transportation, and woodworking and decorative in this region.
The country section of the riveting tools market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Riveting Tools Market Share Analysis
The riveting tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to riveting tools market.
Some of the major players operating in the riveting tools market report are Rivtec Limited, Cherry Aerospace, GESIPA Blindniettechnik GmbH, AVK Industrial Products, Arconic, ChinaFastener, Sioux Tools, Inc, Sioux Tools Inc, ADVANCED AIR TOOL COMPANY, INC., Ace Rivet & Fastener Inc., honsel, MPK Special Tools GmbH, HONSEL, Lobtex Co. Ltd., KARAT INDUSTRIAL CORPORATION, Stanley Black & Decker, Inc., E Ding Co. Ltd, Soartec., Astro Tools, OBER SpA, and TOPTUL TAIWAN among others.
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